Laurie Ausmus NMLS # 116156

02/07/2024

Hallelujah!

Mortgage rates move downward in response to the Fed's latest decision. Here's what you need to know for your homebuying strategy.

12/24/2023

At Washington First Mortgage Loan Corp, we focus on "home" every day, and we value the special meaning it has at Christmastime. We hope your home is filled with warmth, love, laughter and friendship as you celebrate this special day. Merry Christmas! Washington First Mortgage Loan Corp is an Equal Housing Lender.

12/13/2023

The Fed left policy rates unchanged again at their December meeting. Mortgage rates had already fallen in anticipation. Officials project inflation will come down faster than previously thought and predict up to three rate cuts next year. If you are ready to make a move now, there's no need to wait. We have programs that can work in the framework of today's market and prepare you for the future. Please let me know if I can help.

12/01/2023

Freddie Mac reports another drop in mortgage rates for the fifth week in a row.

11/22/2023

Happy Thanksgiving! Wishing you a wonderful feast that's second only to the company of family and friends gathered around the table. Washington First Mortgage Loan Corp is an Equal Housing Lender.

11/17/2023

Inflation's down. Is it time to make a move? When the Consumer Price Index showed prices were unchanged for the month of October, mortgage rates immediately fell. Markets are likely to remain volatile, though, as investors try to anticipate the Fed's next move on rates. If you've been waiting to purchase, refi or access cash from equity, it's a good time to take a closer look. I'm here to help. Washington First Mortgage Loan Corp is an Equal Housing Lender.

07/18/2023

Trending Now: Mortgage Rates Hit a Low --Prospective Buyers, Don't Miss Out!
Calling all savvy homebuyers and refinancers! Here's the latest on mortgage rates as of July 17, 2023. Let's break it down:

30-year fixed-rate mortgages: The average interest rate is 7.18% --a welcomed drop from last week's 7.38%. As a reminder, a 30-year fixed-rate mortgage is a popular choice for many because the monthly payment is lower compared to a 15-year mortgage.

15-year fixed-rate mortgages: These are running at an average rate of 6.51%, down from 6.60% last week. The catch? Your monthly payment will be higher, but you'll end up paying less interest overall because you'll pay off the loan faster.

5/1 adjustable rate mortgages: The average rate for an ARM loan is 6.19%, a slight dip from 6.23%. With this option, you'll have a lower interest rate than a fixed mortgage for the first five years. After that, your rate could go up or down based on market changes and your loan terms.

Where are rates heading?
Now, the big question on everyone's minds: Will they continue to slip down? That's a tough call. As you may remember, the Feds took a break from raising interest rates in their last meeting after a streak where they boosted rates in 10 consecutive meetings.

However, the Fed's commitment to reaching a 2% inflation target means they're unlikely to back down from increasing them again. They're committed to this goal, and increasing rates is their best weapon to do it.

So, don't be surprised if rate increases make a comeback. In the meantime, take advantage of the current rate decrease and contact us for more helpful, money-saving home finance guidance.

Mortgage rates are slipping downward, making it the golden opportunity to save on your home loan.

09/28/2022

Even when mortgage rates are trending up, some people still need home financing. If that's you or someone you know, rest assured there may be loan programs to help. Please let me know if you'd like to have an honest discussion about your scenario. Meanwhile, here's a brief video that offers my take on the current environment. Washington First Mortgage Loan Corp is an Equal Housing Lender.

Learn more about today's mortgage rate environment.

09/22/2022

The Fed raised policy rates by 0.75% at their September meeting and hinted at more hikes to come. Mortgage rates won't automatically change at the same pace. If you are in need of home financing, we have programs that can work in the framework of today's market. Please let me know if I can help. Washington First Mortgage Loan Corp is an Equal Housing Lender.